Thunder Hills Utilities Association

Nonprofit profile at a glance

EIN
510204066
IRS 990-EZ coverage
2020–2024
Forms available
Form 990-EZ 2024
Location
Peosta, IA, USA
Phone
5635433788
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$73,519
Expenses
$42,277
Assets
$218,746
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • JOHN GREENWOOD (PRESIDENT)

People named in this filing

  • BRETT PIERCE (DIRECTOR)
  • TERRY SULLIVAN (DIRECTOR)
  • PAT MCGOVERN (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Provide potable water to 105 households from a well; maintain the pumphouse and water lines; contract for rubbish collection and recycling service to members

What it reported doing in 2024

Provide potable water to 104 households from a well; maintain the pumphouse and water lines; contract for rubbish collection and recycling service to members

Operating model

Revenue model
Earned-program. 62% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 66
  • Transparency & Controls: 82
  • Sustainability: 75
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 48.7%; rating input score 49
  • Program expense ratio: 93.9%; rating input score 94

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 42.5%; rating input score 88; 88th percentile among comparable filings
  • Total-asset coverage ratio: 5.17; rating input score 84; 84th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
  • Officer compensation ratio: 6.1%; rating input score 10; 10th percentile among comparable filings

Growth

  • Program expense growth: -2.1% per year; rating input score 0; 42nd percentile among comparable filings
  • Revenue growth: 8% per year; rating input score 100; 78th percentile among comparable filings
  • Asset growth: 9.6% per year; rating input score 100; 71st percentile among comparable filings

Details

  • Where the money goes: 48.7% of revenue deployed · 93.9% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $40K in reported program spending
  • Leadership: top reported pay $0 · 9 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 4 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 49/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 10/100.